Wilko could be ‘snapped-up’ by B&M, Poundland or Home Bargains as retailers bid for collapsed chain

Watch more of our videos on ShotsTV.com 
and on Freeview 262 or Freely 565
Visit Shots! now

This article contains affiliate links. We may earn a small commission on items purchased through this article, but that does not affect our editorial judgement.

The retailers have until tomorrow to put in a bid for Wilko

Poundland, B&M, The Range and Home Bargains are reportedly among retailers considering snapping up collapsed rival chain Wilko. The highstreet stores have until Wednesday (August 16)  to put in offers with administrator PwC.

Hide Ad
Hide Ad

According to the Guardian, the deadline was moved forward as Wilko is at risk of running out of money over the period of the sale process. A shortlist will then be made for second-round bids by Friday this week, according to The Sun.

It is thought that some of the interested parties could bid for as many as 300 of Wilko’s 400 stores, which could minimise the amount of jobs being lost. According to The Retail Gazette, one would-be bidder is also interested in keeping the Wilko brand alive.

Private equity firms including Gordon Brothers, who are known for saving collapsed retailers like Laura Ashley, and Alteri were previously named as interested in making an offer for Wilko.

Hide Ad
Hide Ad
Thousands of jobs are at risk as retailer Wilko confirms collapse.Thousands of jobs are at risk as retailer Wilko confirms collapse.
Thousands of jobs are at risk as retailer Wilko confirms collapse.

Wilko fell into administration last Thursday after failed attempts at securing a rescue deal. There was reportedly a lack of interest in taking on the firm when it was solvent, as it would mean taking on its debts and other financial obligations.

Related topics:

Comment Guidelines

National World encourages reader discussion on our stories. User feedback, insights and back-and-forth exchanges add a rich layer of context to reporting. Please review our Community Guidelines before commenting.